Sete Brasil shareholders may file for bankruptcy -sources

SAO PAULO Feb 19 (Reuters) - Shareholders of Sete Brasil
Participações SA may file for bankruptcy protection if Brazilian
state-controlled oil producer Petróleo Brasileiro SA, the rig
builder's sole client, fails to present a final long-term lease
contract in a week's time, two sources with direct knowledge of
the matter said on Friday.

Petrobras, as the oil company is known, asked for
seven days to deliver a proposal to rent Sete Brasil's rigs,
shareholders were told at a meeting that took place earlier in
the day, said the sources, who asked for anonymity to speak
freely about the issue.